@EstGreg
It's probably more obvious to those people that have been here for a while but my approach to investment in lithium has purely been about pick the stock I felt most likely to succeed - short, medium and long term.
Probably same as you. It's just you see things differently
I bought GMM/GXY and you bought something else.
I have been here for a while now, learning from posters how the lithium business works, how the different methods of production work and the insanity of the ASX money machine.
14 months ago I had never heard of spodumene or brine.
I am still more a lithium reader than any kind of writer. I remember one poster said all I did was rewrite the announcements in neat little paragraphs. That is pretty much it. Turns out most people didn't really read them and framed it all with discussion of the movement in the sp.
Much of what I have been reading in other forums hasn't been consistent with what I have been learning lately.
I have my own little code. I don't post on any forums if I don't hold. If you come here down-ramping I have often had a few things to say because I actually read the announcements of most lithium companies.
I'm tired of that pettiness now.
Mostly down-ramping posts are by very stressed people worried about their own investments.
I'm very aware that many here have the idea that it's better to spread your bets around.
I don't invest that way myself.
Also - I'd rather sit on any potentially negative info I have on other stocks now.
It's all going to wash out on the market in the end anyway.
I study because if there was something that had better prospects I'd sell. Or get on it too.
I'm open to that changing at some point too. But I'm also happy to be patient with Galaxy getting it's 3 asset collection going. I have also invested here for my young daughter to hold for a very long time - 14 years or so.
In some ways it has been easier to learn faster about lithium here because GXY/GMM were dealing with the pointy end of the final stages of commissioning all year. Brine and Hard rock both are to be learnt about here too. Those who dismiss brine are ignoring where Big Lithium is putting it's money.
No. I don't work for Galaxy. Never have and never will.
I have simply been fortunate to be in the right place at the right time.
The Paris agreement last year was my green light and I got on GMM and GXY as nearest term producers.
When GXY holders were harassing the company during the midyear slump - I wrote them a polite letter, thanking them for their efforts in turning the company around and wishing them the best at getting the mine up and running. Then I suggested that share-holders on Hot Copper might like it if there was a bit of Q&A dialogue to clear the air - so while Trump was crashing the market I wrote a few questions.
I barely believed he would respond - but there you go. Nothing ventured etc..
The last chance to talk to Anthony was literally out of the blue. I think he liked the questions I sent - and knew the ones that he hadn't had time to respond to earlier, so they became the focus and probably the central reason for this latest chat.
If you don't like the substance of the information I provided - and I think, in particular, some other lithium stock-holders may not have considered some of the regulatory delay issues before - then that is up to you.
Reference to other MDs came up in the context of experience in the industry and what questions the Chinese companies have. "Are they a builder or a flipper?" "What did they do before?" "What lithium production experience do they have?" "How close?"
Anthony's Tesla came up in a conversation about the number of charging stations in Hong Kong.
It was about how they worked. Tesla are introducing a fee if you over-stay or park and hog a charger point past the point of it being fully recharged. The Tesla app now informs you that you are charged so that you can go and move your car and not incur the extra fees.
Now - you can see all stuff as a organised assault or insult or whatever - but if you're interested in research you're going to need to find new sources of good reliable info to make informed decisions.
My first post on HC was a Joe Lowry tweet. It wasn't about Galaxy but it was about lithium demand and production. Joe has worked for just about every lithium company on the planet, likely even yours.
He has definitely worked for Orocobre - and we know what he has to say about them.
He invests his money in SQM but he has had many good things to say about Galaxy - and the reason for that is simple. Galaxy has the same business model and asset mix of the majors. It also is easy to see that there is effective management and progress.
Joe's linked in and tweets have been central jumping off point to my learning about the Chinese convertor industry.
That is our client base. Learn what you can about your clients.
What he predicted to happen with that sector (the squeeze by Talison) has come true.
Your own favourite poster is setting himself up as an expert, but with a much narrower focus.
I asked Anthony specifically about him and the assertion about Optimum Nano. Never heard of him.
Galaxy already had clients and contracts at that point. It was irrelevant.
No other analyst (outside possibly Chris Berry) he has the same level of experience (15 years for Joe) on the buy and sell side of lithium - China,US and SA, or have adequate understanding of brine.
Joe Lowry has simply recommended a stock that has performed very well for investors.
I call that good advice. I would always pay attention to what he has to say.
Lithium in 2016 was the arrival of a new resource for most investors.
Good information about which stock to pick and why, was scarce or non-existent.
Every week another new lithium baby was born and had it's little rise and fall.
Some still haven't been bothered to go into the nitty gritty but followed the biggest number of thumbs to arrive at their decisions.
2017 is about fundamentals and production.
The market is going to have some big losers this year if some things don't happen.
The more the new wave of producer-hopefuls rely on things falling into place, the greater the shock value if they don't occur.
Those here recently trying to present issues for Galaxy should turn around and take a closer look back "home" and apply the same rigour.
The pathway to production is narrowing.
More than 90 lithium stocks on the ASX are going to disappoint holders looking for quick or even medium term results.
The reality of slow progress towards finance and years to eventual production is present and the deals being discussed are opaque and changing behind the scenes. Even more quickly now, as the market wises up.
If I could give you any advice is that you should keep your emotions under control
and be prepared to change your mind about your investments when new circumstances and information becomes available. How you judge the quality of that information is entirely up to you.
